The American economy is being reshaped along the booming industries of technology and energy, according to new rankings of America’s Best Performing Cities by the Milken Institute.
In the 2013 rankings, thirteen cities defined by Milken as tech hubs made it into the top 25, while nine could attribute their impressive growth to the energy industry, notably the shale and natural gas renaissance.
Milken's ranking is based on data from both long- and short-term growth in jobs, wages, salaries, and technological output.
#15 Denver–Aurora–Broomfield, Colo.
This metro area has a diverse high-tech industry that mixes in telecommunications, aerospace, manufacturing, and energy research. The city does so well partially because of its attractive business climate and friendly government.
The city’s Business Incentive Fund makes it an attractive place for companies like Southwest Airlines (which just opened a new pilot and flight attendant base) and SCL Health Systems (which moved its headquarters to Denver). The Fund’s efforts will result in over 1,600 jobs and $6 in direct fiscal benefit over the next five years.
Read the full city profile at Milken »
#14 Nashville–Davidson–Murfreesboro–Franklin, Tenn.
The Music City has something new to sing about, namely some serious job growth An increase in automobile production added nearly 4,000 jobs in 2012, while tourism reached a record high in 2012. The city has experienced a cultural renaissance thanks to the opening of the Music City Convention Center, the Omni Hotel next door, and an expansion of the Country Music Hall of Fame, with an of 4,100 jobs in restaurants and bars in 2012.
Read the full city profile at Milken »
#13 Raleigh–Cary, N.C.
Raleigh has a large educated workforce, strong high-profile universities, and low operating costs for businesses. The city has experienced an expansion in the tech industry, fueling growth in a number of other areas. Recently, financial services firms like Fidelity Investments and Credit Suisse have built bases in the area, as well as MetLife, which has plans to build new global technology services hubs.
Read the full city profile at Milken »
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